Madhucon Projects Limited Discloses Loan Defaults
Madhucon Projects Limited announced on April 3, 2026, that it has defaulted on payments related to loans from banks and financial institutions as of March 31, 2026. The disclosures were made to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).According to the disclosure, the total default amount includes a principal of 31.44 Crore Rupees. Interest and other related charges are currently nil. The company’s total financial indebtedness, including short-term and long-term debt, stands at 143.10 Crore Rupees.
Details regarding the obligation, including the total principal amount, tenure, interest rates, and security type, are provided in an annexure. The default pertains to fund and non-fund obligations.
The following table summarizes the details of the default:
| Sl. No | Type of Disclosure | Details (All Amounts are in Rs/Cr) |
|---|---|---|
| 1 | Name of the Listed entity | Madhucon Projects Limited |
| 2 | Date of making the disclosure | April 3, 2026 |
| 3 | Nature of obligation | Fund & Non-Fund |
| 5 | Date of default | March 31, 2026 |
| 6 | Current default amount (break-up of principal and interest in INR Crore | |
| Principal | 31.44 | |
| Interest | ----Nil--- | |
| Other | ----Nil--- |
The default relates to loans and revolving facilities, including cash credit, from banks and financial institutions. The lenders involved include OBC and Punjab National Bank, with the loans being secured.
K. Venkateswarlu, Director and CFO of Madhucon Projects Limited, signed off on the disclosure.
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